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New build flat deposit %
stew510
Posts: 16 Forumite
Hi all,
I'm looking at purchasing a new build flat around £165k. At the moment I have approx 20% saved for the deposit as well as solicitor and stamp duty fees etc.
I have been looking around and have only found Halifax to offer 20% on a new build flat, can anyone recommend any other mortgage providers who are 20% or lower?
Thanks
Stew.
I'm looking at purchasing a new build flat around £165k. At the moment I have approx 20% saved for the deposit as well as solicitor and stamp duty fees etc.
I have been looking around and have only found Halifax to offer 20% on a new build flat, can anyone recommend any other mortgage providers who are 20% or lower?
Thanks
Stew.
0
Comments
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There are a couple of lenders who offer 85% on a newbuild flat, but most are under 80% as you've found.
You need to talk to a good whole market broker about this.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I believe Santander doDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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... and if you do, you are incorrect.I believe Santander do
Santander offers 85% on newbuild houses, 75% on newbuild flats.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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